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Expert takes a look at Baltic economy

Jun 17, 1999
Kairi Kurm

Kairi Kurm talked to Joakim Helenius, council chairman of Hansa Investments, about the post-Russian crisis economies of Estonia, Latvia and Lithuania.At the Baltic Sea region investment conference you forecast that Lithuania would devalue its national currency, the litas, within the next 12 months. Do you still think it's going to happen, and why?What I actually said was that if the current economic policy is continued there is no way of avoiding devaluation.In Lithuania, export of foodstuffs is ...

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